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Let's not jump to negative conclusions so quickly. Let the man educate in peace, he is doing a great job so far. We are all adults and we can decide for ourselves if he is a scam. Please go and start your own thread if you don't like what Phantom is teaching.

On April 20, Intel Corporation (Nasdaq:INTC) gapped higher after reporting earnings and guidance that pleased investors. A few days later, INTC was able to clear a significant resistance level near $22 that had been holding it back for several months. INTC continued to surge, even as the general markets struggled in the first few days of May. The strong price action has also been accompanied by a surge in volume, signifying that the move is being driven by institutions. While INTC remains in a several-year sideways trend, the recent breakout has held so far, and could spill over into other companies in the sector. The key level to watch in the near future is the recently broken $22 level.
Another large semiconductor stock that could be close to breaking an important resistance level is Texas Instruments Incorporated (NYSE:TXN). On longer time frames, TXN has actually been outperforming INTC. However, it remains stuck in a base on shorter time frames as it consolidates a rally that occurred late in 2010. While the overall base is ranging from $33 to almost $37, traders are better served watching the price action around $36 and $34.50. The $36 level is where TXN reversed in May and is close to a trendline that has marked the top of the range. TXN has also been following a sub-channel within the base since it rallied off a false breakdown low in March. The most recent low to watch in this channel is near $34.50, which is more important than a simple break of the channel. If TXN drops under this level, it could lead to a retest of the bottom of the base.
The Bottom Line
It’s interesting that many of the semiconductor stocks are still working on consolidations despite the strength in INTC. This is also interesting because they were outperforming the chip giant over the past several months. However, much of the consolidation looks constructive and many of the semiconductor stocks are now testing important levels. If INTC continues to show strength, it could help instill confidence in the group and lead to breakouts above these levels. The key will be to watch how the semiconductor stocks deal with these levels in the coming days.
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ChartAdvisor

fter last week's bear trap was set, the market slowly applied pressure to the bears by logging four straight positive days to close out the week. When the past two weeks are taken into account, the general markets have really been positive almost every single day and have pushed to multiyear highs. There can’t be any doubt that the markets have broken out of their prior bases and other than the low volume, the markets are showing impressive strength. The markets are already overbought though, and as exciting as a new highs is, traders need to remain patient and stick to their trading plans.
The S&P 500, as represented by the S&P 500 SPDRS (NYSE:SPY), distanced itself from the $134 level, which was holding it back since February. Now that SPY has broken this level, it should act as support on any weakness. This would be the first level to watch if the markets stall out, but the unfilled gap below near $132 is also worth noting. If the markets were to pull into this area for some reason, it would be a prime area for potential buyers to be lurking.
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After last week's bear trap was set, the market slowly applied pressure to the bears by logging four straight positive days to close out the week. When the past two weeks are taken into account, the general markets have really been positive almost every single day and have pushed to multiyear highs. There can’t be any doubt that the markets have broken out of their prior bases and other than the low volume, the markets are showing impressive strength. The markets are already overbought though, and as exciting as a new highs is, traders need to remain patient and stick to their trading plans.
The S&P 500, as represented by the S&P 500 SPDRS (NYSE:SPY), distanced itself from the $134 level, which was holding it back since February. Now that SPY has broken this level, it should act as support on any weakness. This would be the first level to watch if the markets stall out, but the unfilled gap below near $132 is also worth noting. If the markets were to pull into this area for some reason, it would be a prime area for potential buyers to be lurking.
continue reading at my blog ...

One of the benefits to reviewing hundreds of stock charts each night is that I can often see patterns developing across multiple charts that provide insight into where the markets are. One of the current themes I am seeing develop across multiple sectors is that many stocks are close to testing the top of their current bases. This is interesting because the major index ETFs are lagging this price action. This could be due to certain component stocks underperforming, or even a rotation into certain sectors. Price action in individual stocks, especially when seen across a large number of stocks, will often act as a leading indicator for the indexes. If this is the case, then it’s possible that the markets will be testing their recent highs soon.
IDT Corporation (NYSE:IDT) is a stock that has been testing the $29 level for months as it works on a consolidation. It attempted a breakout a few days ago that failed. However, the reversal has not followed through and if the markets show any strength whatsoever, it could finally allow IDT to clear its base. On the downside, ... Read entire blog post here